Deep Sea Minerals Files SEC Registration for U.S. Share Offering as SEAS.CN Surges 30%

Deep Sea Minerals Corp., a Vancouver-based seabed mineral exploration company trading on the Canadian Securities Exchange under the symbol SEAS, announced on October 26, 2026 that it is pursuing a proposed U.S. listing and public offering of its common shares. The company filed a Form F-10 registration statement with the U.S. Securities and Exchange Commission, a move that would make it a U.S. reporting issuer and allow it to offer securities to American investors under its existing base shelf prospectus, which qualifies up to C$50 million in securities over a 25-month period.

The announcement triggered a sharp move in the company's shares on the CSE, with the stock jumping 30% to C$0.65 from a previous close of C$0.50 on volume of roughly 196,000 shares, well above its average daily volume of about 71,000. The company, which also trades on the OTCQB Venture Market under the symbol DSEAF and on the Frankfurt Stock Exchange under X450, has been positioning itself in the critical minerals space, exploring and developing deep-ocean mineral resources with applications in energy security, defense, and technology industries.